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First idle factory to receive EGP 10 mn in funding soon
Misr Capital Ventures is preparing to begin funding the first idle factory on its list, board member and former CEO…
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Gov’t establishes specialized investment zone in Damietta
Prime Minister Sherif Ismail issued a decision yesterday establishing a specialized investment zone in Damietta for furniture manufacturing and related…
Federation of Egyptian Chambers of Commerce to set up holding company by year’s end
The Federation of Egyptian Chambers of Commerce will set up a holding company to manage logistics zones and commodities exchanges…
Investment Ministry, Lawyers’ Syndicate sign agreement to provide legal services to investors
Investment Minister Sahar Nasr signed yesterday an agreement with the Lawyers’ Syndicate to provide legal services to investors online and…
Flat6Labs plans to reach second financial close on EGP 100 mn fund this year
Flat6Labs is planning to close on its EGP 100 mn Flat6Labs Accelerator Company (FAC) fund by year’s end, which will…
Nile University to launch Egypt’s first blockchain-focused incubator in April
Nile University is launching NUTechSpace, Egypt’s first blockchain-focused incubator, on April 15, Wamda reports. The incubator is specialized in cognitive…
Healthcare “hackathon” produces seven new health startups
Egypt’s first healthcare hackathon, hosted by healthcare tech hub Health 2.0 | Cairo, saw the creation of seven new healthcare…
EGX approves Sinai Cement’s EGP 680.5 mn capital increase
The EGX approved on Thursday Sinai Cement’s request to increase its issued capital to EGP 1.3 bn from EGP 680.5…
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